SINGAPORE — Singapore on Thursday kept growth projections for its gross domestic product this year despite uncertainties over U.S. President Donald Trump’s global tariff campaign, but warned that a slowdown in global trade is “likely to weigh” on exports growth in neighboring Southeast Asian economies.
Officials from the Trade and Industry Ministry maintained the country’s economic expansion forecast at 0% to 2%. This was the range it had forecast in April, which was already a more pessimistic outlook from an earlier projection of 1% to 3% growth.
